Financials results
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Stellar Capital Services Ltd reported audited financial results for FY2026 ending March 31, 2026. The company posted a net loss of Rs. 6.80 lakhs for the year, compared to a net profit of Rs. 16.87 lakhs in FY2025. Total income declined significantly to Rs. 65.31 lakhs from Rs. 248.63 lakhs year-on-year. The auditor issued an unmodified (clean) opinion on the financial statements. However, a Key Audit Matter was raised regarding the impairment assessment on loans of Rs. 5,265.28 lakhs, where management did not fully apply the Expected Credit Loss (ECL) model as prescribed under Ind AS 109, including portfolio segmentation, forward-looking information, and staging criteria.
The significant revenue decline and shift to net loss are negative signals for investors. The auditor's flag on ECL methodology deviation raises concerns about the adequacy of loan loss provisions, though the opinion remained clean. Shareholders should monitor credit quality closely given the NBFC nature of the business.